Q: What is your opinion on whether or not Foran is worth investing in?
I see that Mark Carney has included Foran's McIlvenna Bay copper mine project in his recent announcement of five major projects he would like to see crossing the finish line. Any idea what this might mean?
I also see that Foran has been approved to earn up to C$70 Million in Transferrable Royalty Tax Credits from the Government of Saskatchewan.
Thanks as always for your expertise.
I see that Mark Carney has included Foran's McIlvenna Bay copper mine project in his recent announcement of five major projects he would like to see crossing the finish line. Any idea what this might mean?
I also see that Foran has been approved to earn up to C$70 Million in Transferrable Royalty Tax Credits from the Government of Saskatchewan.
Thanks as always for your expertise.
5i Research Answer:
We think this is a positive development, with the project being viewed as a 'strategic asset' in the critical minerals chain. More political support and potentially priority access to infrastructure or energy could be positive in this sense for FOM. It is still pre-revenues and it issues shares to fund its operations, but there are positive developments at the company, and we think for an investor with a bullish outlook on copper, that FOM can perform well here.